South Korea: Income and profits taxes

The latest value from 2022 is 33.88 percent, an increase from 30.4 percent in 2021. In comparison, the world average is 31.54 percent, based on data from 93 countries. Historically, the average for South Korea from 2012 to 2022 is 27.94 percent. The minimum value, 24.04 percent, was reached in 2013 while the maximum of 33.88 percent was recorded in 2022. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.